SCHOOL NAME, COUNTRY
BUSINESS PLAN
Written by STUDENT 1, STUDENT 2, STUDENT 3, STUDENT 4, STUDENT 5, STUDENT 6
LEAD TEACHER
Created as part of the School Enterprise Challenge Awards Programme – Bronze Level
Section A: Our Business DetailsBusiness Name / Tasty Delights
Business Activity / Selling baked goods
Main product / service / Baked goods
No. of students involved in business planning activities (including writing this Business Plan) / Boys 2 / Girls 5 / Total 7
Financial Summary
Our Local Currency is:$BSD / US Dollars $
Period of time budgeted for / 3 months
Total Income (Estimated) / $200 / $200
Total Costs (Estimated) / $300 / $300
Profit (Estimated) / $ 200 / $200
Start-Up Costs (Estimated) / $50 / $50
Section B: Market Research and Target Market
1. Here is a description of the Market Research done by us, including how many people we spoke to.
We conducted a survey asking the student population at C.C. Sweeting High School which product they would be willing to patronize. After conducting the survey, it was evident that the most profitable business idea would be the selling of baked goods.
2. These are the results of our Market Research, including who is going to buy our product/service and why they will buy it.
It was determined from the survey that the majority the students would be willing to purchase baked goods. Baked goods are very popular in our area, especially after having a meal. However, they are not sold on campus. Most persons would have wait until they leave the campus to purchase goods. If goods are sold on campus, then they would not have to wait so long to have their sweet tooth filled. The convenience of having goods sold on campus would serve as the driving force of getting the products sold.
Section C: Competitors and Competitive Advantage
3. These are our main competitors and their strengths and weaknesses.
Competitor Name / Strengths / WeaknessesLunch Vendors / They focus more on providing food instead of pastries. / Pastry is not always available.
4. Our competitive advantage – This is why we are going to be better than our competitors:
Our goods will be baked fresh. The Hospitality Department will help our students create tasty and delicious treats.
Section D: SWOT Analysis
5. This is our SWOT Analysis.
Strengths – What are our business’ strengths?
There is currently no one on campus with the same business. The demand is great for pastries is very high. / Weaknesses – What are our business’ weaknesses?
We are new to running and operating a business over a period of time.
Opportunities – What opportunities do we have for our business?
We will launch by selling only two types of pastries. Hopefully, with a greater demand for our products we hope to have thee opportunity of expanding our business by offering more products. / Threats – Do we face any threats to our business?
If another team sells the same item on campus.
Section E: Operational Plan
6. These are the one-off tasks we will need to do to actually start up our business:1. Get supplies
2. Arrange for the time to sell the goods.
7. These are the daily, weekly and monthly tasks we need to do to actually run our business:
Task / How long does it take? / How often?Daily/Weekly/Monthly / Who?
Who will be responsible
Baking Cake / 1 hour / Every 2 weeks / Valexia and Dennisha
Setting up the table / 10 minutes / Every 2 weeks / Valcir and Garvon
Servers / 1 hour0 / Every 2 weeks / Kevantae, Ehuwia, Dennisha
8. Our business team structure – Here are the names and positions of the business team members with a reference if they are teachers/students and a diagram of our business team structure (when possible).
Teacher guides: Mrs. Stewart, Mrs. Hall and Mrs. Nairn.
Students
Manager- Valexia
Asst. Manager - Paedencia
Treasurer – Garvon
Asst. Treasurer – Christina
Servers Kevantae, Ehuwia, Dennisha
Section F: Marketing and Sales Plan
9. These are our 4 P’s (Product, Price, Place, Promotion).
a) Product – Our product/service is… pastries such as cupcakes, cakes and pies.
b) Price – We will sell it at this price:
Cupcakes at $1.50
Slice of cake $1.00
Tarts $ 1.50
c) Place – We will sell our product/service at this place: At lunch time in the school square.
d) A lot of students traffic this area. If this is not feasible we will move closer to the tuck shop area where the school vendors are located.
e) Promotion – We will promote our product/service by: using flyers and signup sheets for orders. We will make announcement on the schools’ P A System and at the assembly.
f) We will also send messages to the students and teachers the night before the sale through whats app.
Appendix Section: Students in Action
Please find in this space 3 pictures (when possible) that clearly shows our involvement as students in our business planning activities.
FINANCIAL PLAN
1. Income (estimated)
NAME OF PRODUCT OR SERVICE / QUANTITY / SALES PRICE / SALES INCOME(Quantity x Sales Price)
Cupcakes / 50 / $1.50 / $75
Cake Slices / 50 / $1.25 / $75
Tarts / 50 / $2.00 / $100
TOTAL SALES INCOME / $250
2. Costs (estimated)
NAME OF ITEM / QUANTITY / COST PER ITEM / TOTAL COSTS(Quantity x Cost per Item)
Cake Mix / 3 / 2.50 / $7.50
Incing / 2 / 2.50 / $5.00
Flour / 1 / 4.00 / 4.00
18 Eggs / 1 / 3.00 / 3.00
Crushed Pineapple 1 large / 2 / 7.00 / 14.00
Sugar 5lb / 1 / 2.50 / 2.50
Foil / Wax Paper/ Napkin / 1 / 7.00 / 7.00
Oil / 1 / 4.00 / 1.00
TOTAL COSTS / 48.00
3. Profit (estimated)
Our Local CurrencyTOTAL SALES INCOME / 250
TOTAL COSTS / 48
PROFIT
(Total Sales Income – Total Costs) / 202
4. Start-Up Budget (estimated)
Our Start-Up Budget is the costs of the Equipment and Supplies that we will need to start our business.
a) Equipment & Supplies Start-up
EQUIPMENT & SUPPLIESNAME OF ITEM / QUANTITY / COST PER ITEM / TOTAL COST
(Quantity x Cost per Item)
TOTAL EQUIPMENT & SUPPLIES START-UP / $48
b) Equipment we don’t need to buy as we own/have access to: Our School Kitchen already has pans and equipment.
c) We will get the Start-Up capital needed for our business by:
We will involve our Cooperative Credit Union Members and ask each student to contribute $5 - $ 10 for the start up of our business. The students that participate will receive part of the profit.
Additional comments:
Our Local Currency used : / BahamianExchange rate to US Dollars: / 1 to 1
Your opinion matter to us and we want to make sure the Awards Programme works for you. Please ask your teacher to fill in the following section. ONLY SCHOOLS THAT COMPLETE THIS SECTION WILL BE ELIGIBLE FOR AN AWARD. Please choose ONE option in each row.
A. STUDENTS’ IMPROVEMENT ON SKILLS
After going through the activities to develop the Business Idea and Plan do you feel your students...
Did not improve / Stayed the same / Improved1. Are more confident speaking in front of other people (e.g. during market research) / X
2. Work better with people with different opinions to theirs / X
3. Have improved their team working ability, e.g. if other team members were struggling they offered support to them / X
4. Are more confident analysing information / X
5. Are more able to use their ideas to organise and plan work in order to reach their goals / X
6. Are more able to look at different ways to solve a problem and are more confident in selecting a solution / X
B. YOUR OPINION ON THE SCHOOL BUSINESS PLANNING PROCESS
1. Through the school business planning process, which skills do you think students improved/gained the most (max 3):
X / Leadership / X / Communication / AspirationConfidence / Decision making / Other – Please specify:
X / Problem solving / Team work
2. Do you feel the activities helped students improve their performance in other subjects at school? You can choose more than one option.
No / Yes, in ScienceX / Yes, in Maths / Yes, Other – Please specify:
X / Yes, in Writing & Reading
3. Have the students used the skills learned through the school business planning outside school?
NoX / I don’t know
Yes – Please specify:
CONGRATULATIONS on writing your Business Plan! You can now GET STARTED and put all your learning into action! Now is the time for you to actually run your business!
Remember to submit your completed business plan to the School Enterprise Challenge Awards Programme by logging in to your account at: www.schoolenterprisechallenge.org/login
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BRONZE Business Plan Template 2017. ©Teach A Man To Fish